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Nov 2, 2012
11/12
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WMPT
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i mean, certainly the obama administration would have wanted to see these relatively strong job numbers three months ago because the standard sort of political wisdom is that you need about six months of job improvement for people to actually feel better and for the incumbent to benefit. this good news is coming a little late for the president. it's ironic, whoever wins is going to inherit an improving job market. >> tom: of course it comes plenty of early voting already under way across the united states. in washington, d.c. tonight, it's our bureau chief, darren gersh. >> reporter: thanks, tom. >> tom: still ahead, the new york city marathon is cancelled. what it means for advertisers of this world class event. that encouraging employment report didn't do much for stocks on wall street. stocks opened higher, but sellers took over. the dow closed down 139 points, the nasdaq lost almost 38 points, the s&p closed off 13. for the week, the dow fell 0.1%. the nasdaq was down 0.2%. the s&p gained 0.2% this week. we'll talk more about the markets a little later in the program with our friday
i mean, certainly the obama administration would have wanted to see these relatively strong job numbers three months ago because the standard sort of political wisdom is that you need about six months of job improvement for people to actually feel better and for the incumbent to benefit. this good news is coming a little late for the president. it's ironic, whoever wins is going to inherit an improving job market. >> tom: of course it comes plenty of early voting already under way across...
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Nov 6, 2012
11/12
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WMPT
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so jeffing i'm sure a lot of people are asking you is obama on romney better for the markets. and what dow say, without is better for stocks? >> well, it's complex answer because it really matters what the whole complexion of washington looks like t really comes down in many cases to who wins in the senate. do we have a gop sweep with a romney win or do you still have a democratic senate that can really change the complexion of what this lame duck lex looks like and what the status quo election may lend itself to a quick res luig of a lame duck session so a lot depends not just on the without wins the oval office but its next two years in congress looks like. >> susie: so talk us through that. let's say president o ba am a wins the election but you have republicans dominating in congress. what does that mean for the stock market. and vice versa, if romney becomes president romney and he has a democratic congress, if he has to grapple with. >> i will service its second one first, if romney has to deal with a democratic congress, really a democratic senate the house probably sta
so jeffing i'm sure a lot of people are asking you is obama on romney better for the markets. and what dow say, without is better for stocks? >> well, it's complex answer because it really matters what the whole complexion of washington looks like t really comes down in many cases to who wins in the senate. do we have a gop sweep with a romney win or do you still have a democratic senate that can really change the complexion of what this lame duck lex looks like and what the status quo...
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Nov 8, 2012
11/12
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KQED
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but now that they know president obama has won a second term? what decisions will business leaders make? that's what i asked gary loveman today. he's the c.e.o. of caesars entertainment; he runs the largest gaming company in the world. >> i don't think we will do anything differently as a result of the election at this point. i think once we see whether there will be a tax for fiscal sanity, that will help. we have this so-called fiscal cliff emergency that is before us. if that fails to be resolved, you'll see a level of contraction in all hands on deck activities. it will be very disturbing. >> suzanne: if there is no deal on this fiscal cliff, what does that mean for your business? >> i think it will be very, very damaging to a consumer discretionary business, and others similar to it. because you'll see an immediate reduction in economic activity, of the sort we have not run into since the arab oil embargo, where all of a sudden, on a precise moment, economic activity will slow very substantially. you can see a period where it begins to slow
but now that they know president obama has won a second term? what decisions will business leaders make? that's what i asked gary loveman today. he's the c.e.o. of caesars entertainment; he runs the largest gaming company in the world. >> i don't think we will do anything differently as a result of the election at this point. i think once we see whether there will be a tax for fiscal sanity, that will help. we have this so-called fiscal cliff emergency that is before us. if that fails to...
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Nov 13, 2012
11/12
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WETA
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traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned to work for the first time since september. lawmakers face a long "to-do list," and getting a deal on that fiscal cliff is right at the top. darren gersh reports. >> reporter: it was freshman welcome day in washington. senate republican leader mitch mcconnell lost ground in the election, but he posed for the cameras with the three new senators who will be joining his side of the aisle in january. in the house, minority leader nancy pelosi beamed as she presented the new faces adding to democratic ranks in the coming congress. gi given what awaits these new lawmakers in january, you might wonder why they want the job.
traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned...
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Nov 24, 2012
11/12
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KQEH
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. >> reporter: during the campaign season, president obama visited college campuses, with a big goal. he wants to cut the growth of tuition prices in half over the next decade. to do it, he'll have to curb a steady upward trend that spans over several decades. just this year, in-state tuition for public colleges is up by almost 5%. for two-year colleges, in-state tuition jumped almost 6%. the average sticker price for private colleges this year is up by about 4% from last year. the president has proposed controlling tuition growth by expanding a few federal programs like some student loans and work study programs, but reducing those funds for colleges and universities that raise tuition too much and too fast. >> right now the federal government, just this past year, gave out $187 billion in federal financial aid and for the most part that was without strings attached to it and the president is proposing to take a small percentage of those dollars and try to leverage them to go to schools that provide good value for students. >> reporter: but this proposal wouldn't affect most federal
. >> reporter: during the campaign season, president obama visited college campuses, with a big goal. he wants to cut the growth of tuition prices in half over the next decade. to do it, he'll have to curb a steady upward trend that spans over several decades. just this year, in-state tuition for public colleges is up by almost 5%. for two-year colleges, in-state tuition jumped almost 6%. the average sticker price for private colleges this year is up by about 4% from last year. the...
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Nov 10, 2012
11/12
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. >> reporter: while president obama and house speaker boehner both say they're open to new ideas, wall streeters remain cautious about the fiscal cliff. meridien equity partners' joe greco says the market doesn't expect it to be resolved this year. >> i think we're going to see a push pull back and forth and we're probably not going to see much compromise until mid to late january. if we don't get things in order by february that's when things can start to get ugly for the markets. >> reporter: with so much short- term risks, greco says retail investors are sitting on the sidelines until congress and the president reach consensus on the fiscal cliff. he says today's buyers were mostly institutional investors. >> you're going to see the bulk of volume just sit it out. because that has been what's worked in the past. if you have a position already it's probably a longer range view in which case no reason to mess around with it in the intermediary push pull. >> reporter: greco says the cliff isn't the market's only challenge. there's still europe's debt crisis and here at home. a long way
. >> reporter: while president obama and house speaker boehner both say they're open to new ideas, wall streeters remain cautious about the fiscal cliff. meridien equity partners' joe greco says the market doesn't expect it to be resolved this year. >> i think we're going to see a push pull back and forth and we're probably not going to see much compromise until mid to late january. if we don't get things in order by february that's when things can start to get ugly for the markets....
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Nov 9, 2012
11/12
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KRCB
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with president obama being re-elected and status quo in terms of the balance of power on capitol hill, what can we expect in terms of banking regulations going forward? >> clearly more regulations. banks are going to have to be stronger. they're going to have to come up with these plans, what happens if they get into trouble. but much more regulation across-the-board. >> tom: what does it mean for shareholders? >> shareholders are being to have some issues with financial stocks. clearly because these additional kline's costs are going to mean greater costs overall to the banks and not as much profit. so the stronger banks will get in the different areas but so many of the weaker banks will have to be merged out. >> tom: another big voice for banking regulations will now be in the united states senate, this is elizabeth warren. she was elected as a democrat from massachusetts for the u.s. senate on election day. sheas got quite the resume as chair of the tarp oversight committee and a special advertiser, was a special advertiser to the consumer financial protection board. what does she
with president obama being re-elected and status quo in terms of the balance of power on capitol hill, what can we expect in terms of banking regulations going forward? >> clearly more regulations. banks are going to have to be stronger. they're going to have to come up with these plans, what happens if they get into trouble. but much more regulation across-the-board. >> tom: what does it mean for shareholders? >> shareholders are being to have some issues with financial...
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Nov 27, 2012
11/12
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the obama administration's economists estimate consumers would spend about $200 billion less next year than they would have otherwise. congress and the administration have only a few more weeks to nail down a deal. but that deal will have to address some tough issues, including entitlement reform. darren gersh explains. >> reporter: the big money in entitlements is in health care, and that means any grand bargain to avoid the fiscal cliff will slice away at one of the nation's most popular programs. >> medicare is clearly in the gunsights. >> reporter: it's possible congress and the president could agree to save $300 to $400 billion from medicare by cutting fees for doctors and hospitals. but analysts worry slashing payments won't make the health care system more efficient. >> this is not really a way to structurally change medicare and if you don't change the underlying incentives, you don't get long-term savings. >> reporter: progressives at the center for american progress say the government could save close to $150 billion by squeezing the prices the government pays for drugs. but
the obama administration's economists estimate consumers would spend about $200 billion less next year than they would have otherwise. congress and the administration have only a few more weeks to nail down a deal. but that deal will have to address some tough issues, including entitlement reform. darren gersh explains. >> reporter: the big money in entitlements is in health care, and that means any grand bargain to avoid the fiscal cliff will slice away at one of the nation's most...
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Nov 20, 2012
11/12
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KQEH
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powerful rally today, continuing the momentum from friday after that white house meeting between president obama, and congressional leaders. stocks rallied right from the opening bell: the dow surged 207 points, the nasdaq jumped nearly 63, and the s&p 500 rose 27. >> tom: those hopes about a fiscal cliff deal may be good enough for stock traders today, but is the economy in a position to deal with whatever solution politicians may hammer out? it's expected that the fiscal fix will involve tax hikes of some sort, and spending cuts as well. we spoke with economist dean baker from the center for economic and policy research, and economist douglas holtz- eakin of the american action forum. "n.b.r.'s" washington bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. >> insofar as we get austerity, we get tax increases, spending cuts, that's going to slow the economy. i anticipate a deal so we are don't see the full, you know, $500 billion tax increases 100 billion spending cuts but whatever we do see in tax increases,
powerful rally today, continuing the momentum from friday after that white house meeting between president obama, and congressional leaders. stocks rallied right from the opening bell: the dow surged 207 points, the nasdaq jumped nearly 63, and the s&p 500 rose 27. >> tom: those hopes about a fiscal cliff deal may be good enough for stock traders today, but is the economy in a position to deal with whatever solution politicians may hammer out? it's expected that the fiscal fix will...
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Nov 8, 2012
11/12
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KRCB
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if that happened in president obama's first rm was a gree light given to e.p.a. to become as aggressive as they want to on ozone control. second term, e.p.a. could be quite aggressive. and there are certain compani
if that happened in president obama's first rm was a gree light given to e.p.a. to become as aggressive as they want to on ozone control. second term, e.p.a. could be quite aggressive. and there are certain compani